Investment Portfolio
Benowa Gardens Shopping Centre, Brisbane
Benowa Gardens is a neighbourhood centre originally constructed in 1992, with the most recent refurbishment completed in 1998. The centre is anchored with a Coles supermarket, has 41 specialty retailers, two kiosks and is serviced by 437 car spaces.
Benowa is an established suburb, located in the Gold Coast region of Queensland, 3 kilometres west of Surfers Paradise and 70 kilometres south of Brisbane.
Benowa Gardens Shopping Centre is one of four properties in Stockland Direct Retail Trust No. 1. Find out more
Key Information
| Location: | Cnr Ashmore Road & Benowa Road, Benowa |
| Acquisition Date: | December 2006 |
| Ownership/Title: | 100% / Freehold |
| Independent Valuation: | 31 December 2007 |
| Valuation ($/m2): | $31 million ($5,335/m²) |
| Capitalisation Rate: | 6.50% |
| Discount Rate: | 8.50% |
| Net Lettable Area: | 5,811m² |
| Car Parking Spaces: | 437 |
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